Buying SPXS. Self immolation is fun
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Need the coins to rollover to really get going.
Agree it’s vol range expansion. Marko Kolanavic: Market can't bounce yet because of residual selling from vol targeting, risk parity, and CTA. That should stop soon, so i would expect a bounce (even a dead cat type)
I think if the economy really does get into trouble that the chance of QE and money printing is way higher than the chance that the federal government allows asset prices to stay deflated.
Who knows though- maybe there is enough cash on the sidelines from the covid print up to allow an actual crash so the truly wealthy can come in and buy up all the distressed and deflated assets.
It’s a long way down in asset prices before another round of QE but carpet bagging is certainly possible
Don't shoot the messenger: J-Curve Milei playbook might be guiding the Trump admin. If so, they're willing to accept more short term pain
we’ll do it a few times
eta
https://uploads.tapatalk-cdn.com/202...0b5dcb1117.jpg
I bought some Tesla puts, a whopping two contracts, dated for July. Looking forward to sharing my options trading results here ad nauseum
That’s notional value of fifty thousand dollars.
I bought a little of the pre-dip before the real dip. I think there's going to be another round of dip though, so I'm waiting again to buy the dip dip.
Best financial advice I’ve ever heard.Quote:
Originally Posted by Hott Butt Mud;[emoji[emoji6[emoji640
What if its a six layer dip situation?
Agree: “Given there is significant US market short gamma (from options and levered/inverse ETFs) large moves tend to become larger i.e. there is a risk of a squeeze higher. Perhaps why UMich didnt tank the market.”
That last move lower Thursday really compressed risk parameters
I hope tesla goes to 108, I’ll buy more again.
Can we keep the Elon bullshit to its dedicated thread?
This has been a really good thread in here, so far.
What is the case for that?
I have no stake in Tesla. I made a very little amount of $$$ long ago and got out. But to me, it is a way overpriced car company that is now trying to reinvent itself as an AI company. Maybe robo taxis save its underwhelming car sales and underwhelming improvements/upgrades to its existing car fleet, but I personally would not invest in that. Next, due to the new policies of the Trump Admin. and Congress, there is the likely loss of EV credits and the carbon credits that Tesla has been doing so well selling to other car cos. And then there is the animosity growing around the world against his officious political conduct. Finally, there is the fact that the overall consumer and economy may be slowing down. To me, my best guess is that the Tesla value bubble is going to descend greatly.
Perhaps $108 is so low from its high and where it is now that the bleeding stops there. It seems crazy, but even that low does not entice me.
I'm not saying demanding to discuss the price of Tesla without discussing Musk correlates with stupidity, but.....
Where is capitulation? 10, 15, 30% Waaaay too much TSLA NVIDIA BScoin froth. Even at half price from weeks ago tesla is still worth more with 2% market share than Toyota, VW, and Honda combined. Bullshit.
Of course that’s the thing with funny money, it can flow all over the place supporting all sorts of crap until the bigger bubble bursts.
Pets.com X 1,000,000
The bull case is Yolo tech
- FsD
- Car as software
- somehow, a tie-in between Tesla and other Musk companies (Boring, SpaceX, Grok)
And of course Elon being Elon and somehow getting the meme aspects of the stock rolling.
This is why I take profits every time there's a substantial TSLA drawdown
FSD level 5 will not be anytime soon using just cameras…
https://youtu.be/IQJL3htsDyQ
Full on Wile E. Coyote
How do I avoid the seven circles of emoji?
Waymo already beat them to the robotaxi service. BYD is building better and cheaper cars.
^^^ true. But, and this is a BIG BUT, Waymo and BYD arent in the oval office on a weekly basis directing POTUS on policy and budget decisions. Im not sure there has ever, in the history of the modern free world, ever been such a high level, blatant conflict of interest. And the fact that TSLA is still tanking (at least in the short term) is one helluva indictment on musk personally. Long term, i wouldnt be surprised eventually find out all the ways musk used his current position of power to setup TSLA and the rest of his companies for significant competitive advantage. It would seem that both BYD and TSLA have the full fledged unfair competitive advantage of their governments backing/support... so maybe that means it actually is a fair and level playing field?They say the market is irrational and emotional. I think that is ESPECIALLY the case with a company with as much political and emotional baggage as TSLA. Its a meme stock at this point. Logic and fundamentals play a minimal part in its share price.